$Direxion Daily Semiconductors

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$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Here is the next setup before any upside continuation, from a 1 minute time frame perspective. We now have confirmation of a break and hold at the critical liquidity level of 45.50. The hourly RSI is indicating price is severely oversold, so a reversal is anticipated at this pivotal region on the chart. Price targets for this setup are 46.34 and 46.60+.

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